Microsoft LinkedIn cuts 668 jobs across engineering, talent and finance teams

News from this site on October 16: LinkedIn, owned by Microsoft, announced on Monday local time that it will lay off its engineering, talent and finance teams in the second round of layoffs this year due to slowing demand for recruitment services. of 668 employees.

The layoffs account for about 3% of Microsoft’s 20,000 employees, which once again exacerbates the tens of thousands of layoffs in the technology industry this year.

Photo source Pexels

According to data from employment firm Challenger, Gray & Christmas, the number of layoffs in the technology industry in the first half of this year has It reached 141,516 people, compared with about 6,000 people in the same period last year.

Public information shows that LinkedIn is positioned as an Internet professional social networking site and makes money through advertising sales and charging subscription fees to recruitment and sales personnel who use the network to find suitable candidates.

This site’s inquiry found that this social networking site also conducted a round of layoffs in May this year. At the time, they said it decided to cut 716 positions across its sales, operations and support teams to streamline its operations and eliminate layers in order to make decisions faster.

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